Orora Limited (ASX: ORA) delivered steady underlying earnings in FY2026, supported by strong momentum in its Cans business despite challenging conditions across global glass markets. Group revenue increased 6.5% to AU$2,225.9 million, while EBITDA edged 0.3% higher to AU$420.3 million. Cans volumes grew 6.3%, supporting a 10.5% increase in EBITDA to AU$131.2 million, driven by aluminium substitution and demand from emerging beverage categories. Conversely, Saverglass faced adverse product mix, pricing pressure, US tariffs and Middle East disruptions, contributing to a significant non-cash Glass impairment and a statutory NPAT loss of AU$616.6 million. Underlying NPAT declined 5.9% to AU$142.2 million. Orora maintained strong cash conversion at 98.3% and returned approximately AU$118 million through share buybacks. Looking ahead, completed Cans capacity investments should support further growth, while Glass initiatives target more than €30 million in net EBIT run-rate improvement by FY2030.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Orora Delivers Steady FY26 Earnings as Cans Growth Offsets Glass Market Pressures
Orora Limited (ASX: ORA) delivered steady underlying earnings in FY2026, supported by strong momentum in its Cans business despite challenging conditions across global glass markets. Group revenue increased 6.5% to AU$2,225.9 million, while EBITDA edged 0.3% higher to AU$420.3 million. Cans volumes grew 6.3%, supporting a 10.5% increase in EBITDA to AU$131.2 million, driven by aluminium substitution and demand from emerging beverage categories. Conversely, Saverglass faced adverse product mix, pricing pressure, US tariffs and Middle East disruptions, contributing to a significant non-cash Glass impairment and a statutory NPAT loss of AU$616.6 million. Underlying NPAT declined 5.9% to AU$142.2 million. Orora maintained strong cash conversion at 98.3% and returned approximately AU$118 million through share buybacks. Looking ahead, completed Cans capacity investments should support further growth, while Glass initiatives target more than €30 million in net EBIT run-rate improvement by FY2030.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au